Thornburg Investment Management, a global investment firm, has announced the launch of its first two exchange-traded funds (ETFs): Thornburg International Equity ETF (Nasdaq: TXUE) and Thornburg International Growth ETF (Nasdaq: TXUG).
“We are very excited to enter the ETF market and provide clients with an additional way to access our investment solutions,” said Mark Zinkula, CEO of Thornburg. “Each of these new ETFs reflects our long-term commitment to meeting client demand for solutions with an active, fundamental investment process and a high-conviction approach.”
Thornburg International Equity ETF is managed by Lei Wang, CFA, and Matt Burdett, while Thornburg International Growth ETF is overseen by Sean Sun, CFA, and Nicholas Anderson, CFA. Thornburg International Equity ETF seeks long-term capital appreciation, whereas Thornburg International Growth ETF focuses on long-term capital growth. Both funds primarily invest in equities from non-U.S. developed markets.
For over 42 years, Thornburg has been a recognized leader in equity, fixed income, and multi-asset investing. In the coming months, the firm plans to launch two fixed-income ETFs: Thornburg Core Plus Bond ETF (Nasdaq: TPLS) and Thornburg Multi-Sector Bond ETF (Nasdaq: TMB).
“Thornburg’s ETF strategies offer investors flexible, transparent, and efficient opportunities to build and diversify their portfolios,” said Jesse Brownell, Global Head of Distribution. “Building Thornburg’s ETF platform represents significant human and capital investments to ensure that our infrastructure is scalable and successful for our clients,” he concluded.
Thornburg Investment Management manages $45 billion in assets, including $44 billion in managed assets and $1 billion in advised assets as of December 31, 2024.
